Word: edisons
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...many other inventors are constitutionally like themselves. Inventing is nothing more than making life a little easier, getting rid of petty annoyances. Marketing, however, is another thing entirely. "Marketing is atypical of the inventor's temperament," said John Zeitlow Jr. of Massachusetts, who evidently has not researched his Edison...
...industry might have recovered from the WPPSS debacle, but in recent weeks it has suffered a series of other reversals. In mid-January the federal Nuclear Regulatory Commission denied Illinois' giant Commonwealth Edison a license to operate its new Byron plant, which was nearly completed and had cost $3.7 billion. Reason: the NRC said it had "no confidence" in the quality-control procedures for some of the construction. Three days later, Public Service Co. of Indiana announced that it was canceling all further work on its 2,260-megawatt (MW) Marble Hill plant, half completed at a cost of some...
...bonds issued by several utilities have been lowered. Moody's Investors Service dropped the ratings on bonds put out by Public Service Co. of Indiana from Baa2 to Ba2 after the company announced that it was abandoning the Marble Hill plant. Standard & Poor's has warned Illinois' Commonwealth Edison that its B1 rating of the utility's commercial paper was put on credit watch because of the NRC's denial of an operating license for the Byron units...
...accident was a financial and public relations disaster for Metropolitan Edison, the utility that operated Three Mile Island. In 1981 its corporate parent, New Jersey-based General Public Utilities (GPU), set up a new subsidiary, called GPU Nuclear Corp., to clean up the mess left by the accident and reassure the public that T.M.I. Unit 2 is safe. The company is making progress at the first task but has been less successful with the second...
...campaign to win back official and public trust for Three Mile Island is even further behind schedule. Investigators for the Nuclear Regulatory Commission have raised questions about safety procedures being followed by some of the cleanup crews. A federal grand jury has charged Metropolitan Edison with criminal misconduct in connection with its operation of the plant in the months preceding the accident. Among other things, the company is accused of having manipulated and falsified tests relating to leaks and then concealing the problem from...